Life Style

Saving Smarter, Living Better: List of Money Saving Hacks

When it comes to saving money, it’s not merely about stashing your cash in savings accounts or investments. In fact, there’s an art to saving that can turn your everyday spending into a reserve of savings. By Planning your expenses, you’ll effortlessly avoid impulse buying and maximize the value of every rupee you spend.

Imagine, you won’t have to give up on to all your guilty pleasures and long-held desires. just embrace a handful of smart money-saving hacks to sail through the month without financial Difficulties. Not only will this approach boost your bank balance, but it will also pave the way for a disciplined and financially secure lifestyle. So, join us on this financial adventure as we unravel the secrets to a prosperous and well-balanced life with the help of a list of smart money saving hacks.

Best Money saving Hacks

Here are some top-notch money-saving tricks that can assist you in maintaining a financially balanced lifestyle. These minor adjustments can genuinely enhance the path of your life.

1. Save on Entertainment: Go for Yearly OTT Subscriptions

Cable and OTT platforms have become primary sources of entertainment in recent times. Select the platform that aligns with your content preferences and Opt for an annual subscription, as it often comes with discounts. Consider sharing and splitting the subscription with friends or neighbors. Trust me, it’s not worthwhile unless you have ample time to watch shows and movies or you’re exceptionally wealthy.

If you’re only after a couple of movies and shows and don’t need an annual subscription, be smart about your choices. Plan your subscriptions strategically, such as during holidays or long weekends, to avoid any post-purchase regrets.

2. Stick to Trusted Brands for Discounts and Deals

If you regularly shopping from certain brands, you’re a loyal customer. Be it luxury or budget-friendly shopping, it’s smart to keep an eye out for special discounts and deals these brands give their loyal customers. Stick to a few brands that offer great products or services, plus these exclusive deals. Your wallet and your happiness will both appreciate it!

3. Shop Smart: Compare Prices Across Websites

Thanks to the growth of online businesses and e-commerce, we now have the option to discover products on various online stores. This gives you a chance to compare prices and advantages of similar products online. Additionally, there are several affiliate and price comparison websites that can assist you in finding the best deals.

4. Maximize Card Benefits: Coupons and Vouchers

Whether you shop online or in physical stores, especially in India, many stores provide additional offers based on the payment card you use. Debit and credit cards from different banks offer exclusive deals to their users during special sales events. It’s a good idea to inquire about these offers at the billing counters before finalizing your payment.

5. Cut Costs: Cancel Unused Subscriptions

Frequently, we purchase subscriptions for entertainment, e-learning, podcasts, e-books, online fitness platforms, and sometimes tools and software for working professionals. These subscriptions often auto-renew if you initially paid with a credit card, whether it’s for free trials or limited periods.

Monitoring these auto-renewals can be challenging, and canceling doesn’t always guarantee a refund. As a result, you might end up paying for services you don’t actually use.
It’s a good idea to maintain a record of your subscriptions and their expiration dates. This way, you can easily unsubscribe from the ones you no longer require.

6. Cash in Clutter: Sell or Rent Unused Items

Items you keep buying repeatedly, unwanted gifts, or rarely used appliances might seem like junk to you, but they could be valuable to someone in need a good money saving hack for you. Many appliances and possessions can be rented out or sold, either directly or through online marketplaces like eBay. This not only helps you earn extra money but also clears up space in your living area by decluttering.

7. Buy in Bulk During Sales

Non-perishable goods, including groceries, cleaning products, salt, sugar, honey, and powdered milk and tissue papers are the major part of your pantry. With their extended shelf life, they offer the golden opportunity to make bulk purchases and save big. This is especially true for your everyday essentials, those items you rely on regularly. Keep your shelves well-stocked during sales, and watch your savings soar!

8. Rent Outfits for Special Occasions

Who doesn’t want to look their best and stand out on those special occasions? The grandeur and lavish look of outfits for events like weddings, festivals, cocktails, and suits can make them seem like one-time investments. Most of the time, they end up sitting in your wardrobe for years, untouched.

But here’s a smart money saving trend for the fashion-conscious: renting outfits instead of buying. It’s a game-changer. You can transform your outfits into money-making assets while still looking fab at every event.

9. Secondhand Books Are a Steal

This money-saving tip is for book lovers, job seekers, and academics. Many times, we buy and read books, and not all of them are budget-friendly. Once you’ve read a book or achieved your goal, it often sits on the shelf, collecting dust. Your book collection grows, and so does the clutter.

Here’s a brilliant solution: buy used books and then sell them to retailers or online to fellow book enthusiasts. Even Amazon offers a platform for selling gently used books in great condition. It’s a win-win at the end of the day savings for you, and a new read for someone else.

Check out a collection of mental health and wellness books for a better life.

10. Mix and Match Your Wardrobe

Whether it’s branded or casual attire, clothes truly shine when they’re worn, not left to collect dust as makeshift tablecloths or cleaning rags. Prioritize quality over quantity, even if it means spending a bit more. The key is to use your clothes wisely mix and match with other wardrobe pieces, and repeat stylish combinations. This way, you’ll never feel short of outfits, and you’ll keep wardrobe boredom at bay.

Don’t forget to keep an eye out for offers and clearance sales when shopping for basic, everyday wear. This way, you can snag high-quality clothing at a fraction of the price, ensuring both style and savings

11. Get Rewarded: Explore Referral Programs

Did you know that brands offer cashback, vouchers, and extra discounts when you tell your friends about their awesome products or services? It’s a win-win strategy that helps both brands and loyal customers.

There’s nothing wrong with sharing a brand you love with your loved ones. In fact, it’s like a secret money-saving trick! Word of mouth can do wonders, putting more money back in your pocket for your next shopping spree

12. Affordable Commutes: Use Uber Pool

Here’s a money-saving hack that’s also an eco-friendly win. If you’re a regular commuter, why not share your ride with someone else? It’s a smart way to cut fuel expenses and put some extra cash in your pocket. Plus, we’ll be doing our part to reduce the number of vehicles on the road, helping to protect our planet.

And if you’re the one catching a ride, consider hopping on an Uber Pool instead of taking a solo trip. It’s a unique way to save money and contribute to a greener, cleaner world

13. Weekday Travel for Lower Costs

We all need a vacation, it’s the ultimate stress-buster, breaking the routine of our everyday lives. Everyone deserves a great getaway, but that doesn’t mean you should break the bank.

Have you noticed flight and hotel prices skyrocket on weekends? Here’s a tip: if possible, plan your flights on weekdays and adjust your trip and accommodation accordingly. And if weekdays don’t fit your schedule, consider booking well in advance to avoid last-minute price surges. Don’t forget to explore multiple travel and trip advisory websites to compare prices and snag the best deals. Your dream vacation doesn’t have to be a nightmare for your wallet.

14. Grow Your Own Veggies

You don’t need to be a farmer to cultivate your own backyard or balcony garden. Many of us spend a small fortune on store-bought veggies, often laced with pesticides. But here’s the deal, growing your own vegetables isn’t just about saving money; it’s about embracing a healthier lifestyle.

Consider planting some easy-to-grow veggies like tomatoes, chilies, fenugreek, or mint leaves. Picture this: fresh, homegrown veggies right at your doorstep. And if you’re skeptical, just check out the prices of organic fruits and vegetables in stores. YouTube is your trusty guide for the basics of gardening. So, why not give it a try and enjoy the taste of homegrown goodness?

15. Cook at Home to Save

Cooking might sound intimidating, but with some basic knowledge, you can prepare your own delicious meals. It’s not just about saving money; it’s a form of meditation that benefits your health too.

Think about it – those food delivery charges and taxes can sometimes make your meal cost as much as dining out. Plus, there’s the concern about restaurant hygiene. So, why not give cooking a try? It’s a money-saver, and if you’re a single, working professional living away from home, it’s probably the most significant expense you can manage better. Your wallet and your taste buds will thank you! Start with oat meals, sandwiches, vegetable stir fry, omelette, fruit bowls etc.

If you are confuse which fruits to use in your fruits bowl check out this article on fruits and its benefits.

16. Trade-In Deals for New Appliances

Many people replace their appliances, either to stay up-to-date with the latest models or due to malfunctions. But did you know that brands often offer an exchange option that can significantly cut costs?

Here’s the deal: you can swap your old product for a new one and enjoy a hefty discount. Not only do you get rid of the old item hassle-free, but you also save on shipping costs. It’s a situation that keeps your home up-to-date and your wallet happy!

17. Student Discounts and Offers

Prepare to uncover a little-known money-saving secret: Student discounts offered by numerous brands. Whether you’re currently a student or have one in your family or circle of friends, you’re in for some incredible deals.

This hidden gem can be a game-changer, especially when you’re thinking about purchasing a laptop. Major laptop brands and even e-learning platforms frequently offer generous discounts to students. Just make sure to have your identification card handy.

18. Join Loyalty Programs for Birthday Perks

Imagine brands making your birthday extra special with exclusive offers and warm wishes. It’s a unique way for them to keep you loyal, and it’s a fantastic money-saving trick for you.

Create a birthday wishlist, watch for messages and emails from your favorite brands during your birth month, and snag the best birthday offer out there. Now you can treat yourself to those wishes you’ve been saving up for while keeping your budget intact!

19. Use Credit and Reward Cards Wisely

Credit cards can be your best friend or worst enemy. Use them wisely, and they’re fantastic tools.

With fuel, reward, and credit cards, you earn points for every purchase that can be turned into cash, vouchers, or free stuff. It’s like getting a reward for shopping.

Plus, credit cards offer interest-free EMI options. But remember, it’s all about being smart and disciplined with your spending!

20. Craft Personal and Budget-Friendly Gifts

If you’re a DIY and art enthusiast, here’s an amazing money-saving trick for you. With a bit of time, effort, and creativity, you can craft wonderful personalized gifts. And don’t worry, it doesn’t mean you have to start from scratch.

You can purchase and assemble a collection of items and turn them into a heartfelt hamper, complete with a personal note. The effort you put into creating something special can be more valuable than the price tag of the gift itself.

Remember, a gift should be a token of affection and gratitude, and your choice of gift can truly showcase how well you know the person you’re giving it to.

21. Recycle for Cash and Goodies

Brands like H&M, Mac, and Bodyshop offer freebies or discounts when you recycle with them. Some even collect plastic waste from homes and give goodies in return. Plus, you can find waste collection booths that pay for plastic. It’s a win-win – you save the environment and earn extra!

22. Fix It, Don’t Ditch It

Appliances, cars, and gadgets may have glitches, but that doesn’t mean you should rush to replace them. Understanding price depreciation is key, you won’t get back what you paid.

If a simple fix or servicing can make it work, go for it. Keep those warranty and guarantee cards safe, find the nearest service center, and get it repaired. It might not sound like a big money-saving trick, but it can save you from impulse buys and losses down the road.

23. Invest Wisely in Quality Clothes

You don’t need designer labels or luxury brands for quality clothing. Some brands offer fantastic designs and top-notch quality. A little research, checking reviews and ratings can go a long way.

The real value of an apparel comes from how often you wear it. It’s better to invest in high-quality pieces that last than to buy lots of cheap clothes that wear out quickly. In the long run, spending a bit more is a wise investment in your wardrobe.

24. Try Before You Buy

Whenever you’re looking to subscribe to bikes, cars, or virtual tools, grab the chance for a free trial if available. Before you spend a lot, take time to think about everything and try it out. Trying before buying helps you understand the product and its flaws better.

For clothing and shoes, consider buying online only if they offer returns and exchanges. Avoid brands without these options, especially if you’re not sure about them.

When it comes to everyday things you need, like daily essentials, see if there’s a trial version or start with a small quantity. Use it, see how it works for you, and then decide if you want to buy more for the long term or in larger quantities. Making smart choices can save you money.

25. Save Power with Smart Appliances

If you’re thinking about upgrading or buying new electrical and electronic appliances, think about getting smart, eco-friendly options. Nowadays, you can find automatic and eco-friendly features in many appliances like water purifiers, washing machines, TVs, air conditioners, and more. These devices turn off automatically when their job is done, saving electricity and keeping your bills from giving you a shock. While the savings might not seem big at first, they add up over time and help protect your budget and the environment.

26. Learn Together, Spend Less

Whether you’re a student or a working professional, continuous learning and skill enhancement are essential. Books and e-learning platforms are top choices. While the internet offers a wealth of knowledge, structured learning with professional guidance often requires a paid subscription. If you have peers with similar goals, consider sharing the cost of a package for a smarter investment in your future.

27. Food Cards for Big Savings

If you’re a social butterfly and love partying and dining out, a significant chunk of your money probably goes into restaurants and food. Consider getting memberships or food cards, whether through your workplace or from external sources. This helps you track your food expenses and unlock discounts and exclusive offers, making your social life more budget-friendly.

28. Go Green with Public Transport

If you live or plan to live in a particular city and have regular routes to travel, consider using public transport whenever possible, especially during non-rush hours. Public transport is not only cost-effective but also a reliable and safe option. Imagine rainy days when cabs are scarce, public transport can be a lifesaver!

29. Verify Warranty and Service Times

Before you purchase any appliance or vehicle, make sure to check and note down the product’s warranty period and insurance coverage duration. Often, free servicing is included during these periods. You might end up spending a significant amount without realizing you have free servicing available. Plan and take advantage of these free servicing options before they expire. If something malfunctions, instead of rushing to replace or repair it, check the validity and make an informed decision that suits your needs.